$23 BILLION

Thursday, 23 April 2026

The diaspora sent Nigeria $23 billion last year. The UK sent $4 billion of it. Both governments are making that harder.

Nigeria's diaspora remittances hit an estimated $23 billion in 2025, up from $19.5 billion in 2023. The United States is the largest corridor, sending roughly $8 billion. The United Kingdom is second. The UK-Nigeria corridor moved between $3.5 billion and $4.5 billion last year alone, sustained by Nigerian communities in London, Manchester, and Birmingham who kept sending even as UK living costs rose and UK migration policy tightened.

That $23 billion is not small money. It's larger than Nigeria's FDI inflows for the same period. It's one of the key reasons the naira has been broadly stable despite everything else. The foreign exchange that keeps the Nigerian economy from completely seizing up, month after month, comes in significant part from the people who left.

Now hold that alongside two other facts from this month.

Reform UK has announced that if it wins the next UK general election, it will block visa applications from countries that are seeking reparations from Britain. Nigeria is on that list. The party's home affairs spokesman framed Nigerian migration as something Britain gives, not something Britain receives anything in return for.

And on the Nigerian side, the NBC has begun restricting what broadcasters can say about the political process that will determine who runs the country these remittances are sustaining.

The diaspora is not passive. UK-based Nigerians protested outside Westminster this week demanding the removal of the INEC chairman ahead of 2027. They're paying attention to what's happening in a country they left, still responsible for people they left behind, still moving billions of pounds and dollars through corridors both governments are quietly narrowing.

The diaspora sends money home because the system at home can't produce what their family needs. That's not a criticism of the people sending. It's a description of the deal. You leave. You earn. You send. The person you love lives on what arrives. Building around the absence isn't the same as the absence not mattering. It still costs the people doing it. Not the people who should have built something better.

The $23 billion that arrived in Nigeria last year didn't come from nowhere. It came from people working two jobs in Croydon, filing night shifts in Leicester, navigating a visa system that gets more complicated each year. It came from people who have made a private calculation that the cost of staying in the UK is lower than the cost of going back to a country that couldn't offer what the UK offers. That calculation is what the remittance figure represents. Not charity. Not sentiment. Math.

Both governments know this. Neither government is making it easier.

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Publishing Editor: Adeyemi EKO

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